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HomeCrypto NewsMarketPolygon Faces Backlash As Polygon's zkEVM is Ethereum Virtual Machine (EVM) Compatible, Not EVM-Equivalent

Polygon Faces Backlash As Polygon’s zkEVM is Ethereum Virtual Machine (EVM) Compatible, Not EVM-Equivalent

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Polygon has been dishonest about its status as an Ethereum Virtual Machine (EVM)-equivalent; in reality, their zkEVM is an EVM-compatible system.


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As reported by The Crypto Basic Polygon zkEVM (zero-knowledge Ethereum virtual machine) was launched on July 20th. It is the first supposedly Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets that were launched only a few days ago. It employs strong encryption known as zero-knowledge proofs.

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There was some speculation that Polygon had the best zkEVM due to them being 100 percent equivalent to Ethereum code. However, it appears that the founder is subtly sliding back on that point, which makes it clear that the people at Polygon have been spreading misinformation and engaging in false advertising.

Recent events have made it abundantly evident that the Polygon zkEVM will, as an alternative, be compatible with all current Ethereum apps and will replicate the Ethereum Virtual Machine at the op-code level, despite the fact that it will not be equal to these applications. 

Solidity, Ethereum’s programming language, will soon be accessible to developers, removing a significant barrier to entry. As a result, developers will be able to begin their projects. In addition, current Ethereum software, such as wallets like MetaMask and development environments like Hardhat, will be compatible with Polygon zkEVM when it is released later this year.

Reddit user u/mybed54 says, “Polygon lied about being EVM-equivalent, their zkEVM is actually EVM-compatible.”

Polygon, formerly known as Matic Network, is a system for interoperability and scalability used to create blockchains that are compatible with Ethereum. Polygon SDK, a modular and adaptable framework that facilitates the construction of a wide variety of decentralized apps (dApps), serves as the platform’s primary component.

zkEVM was first teased by Polygon at EthCC Paris in July 2021. The company claims that it is meant to integrate easily with all current smart contracts, developer tools, and wallets while reducing user friction by eliminating the need for any code change or re-implementation.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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